**REGISTERED CHARITY NUMBER: 1210906**
## **REPORT OF THE TRUSTEES AND**
**UNAUDITED FINANCIAL STATEMENTS FOR THE PERIOD 12 NOVEMBER 2024 TO 30 SEPTEMBER 2025**
## **FOR**
**HARVEST CITY CHURCH CIO**
Mark J Rees LLP Chartered Accountants Granville Hall Granville Road Leicester Leicestershire LE1 7RU
## **HARVEST CITY CHURCH CIO**
## **CONTENTS OF THE FINANCIAL STATEMENTS FOR THE PERIOD 12 NOVEMBER 2024 TO 30 SEPTEMBER 2025**
**----- Start of picture text -----**
Page
Report of the Trustees 1 to 6
Independent Examiner's Report 7
Statement of Financial Activities 8
Balance Sheet 9
Cash Flow Statement 10
Notes to the Cash Flow Statement 11
Notes to the Financial Statements 12 to 18
**----- End of picture text -----**
## **HARVEST CITY CHURCH CIO**
## **REPORT OF THE TRUSTEES FOR THE PERIOD 12 NOVEMBER 2024 TO 30 SEPTEMBER 2025**
The trustees present their report with the financial statements of the charity for the year ended 30 September 2025. The trustees have adopted the provisions of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland", the Charities Act 2011 and the requirements of the Statement of Recommended Practice, Accounting and Reporting by Charities.
## **OBJECTIVES AND ACTIVITIES**
## **Objectives and aims**
The objects of Harvest City Church as laid down in the constitution of the CIO dated 12 November 2024 are:
1. The advancement of the Christian Faith in accordance with the doctrines set out in clause 3.2 ("Doctrines") and the worship of God in the said County and elsewhere by any means whatsoever including (but not by way of limitation) the preaching and proclamation of the Christian Gospel and the teaching of Christian doctrine and principles and the pastoral care of Christian people and the printing and distribution of the Bible and Christian literature.
2. The relief of persons who are in conditions of need, hardship, distress or who are aged or sick.
3. The advancement of education on the basis of Christian principles and without prejudice to the generality of the foregoing the provision of such education in any educational establishment and if the Trustees so decide the provision of one or more charitable educational establishments for the general education of children or adults on the basis of such Christian principles.
The Trustees have had due regard to the guidance published by the Charity Commission on public benefit as required by the Charities (Accounts and Reports) Regulations 2008.
## **Significant activities**
The Church actively serves its local community through a range of structured programmes, including dedicated provision for children and young people as well as regular activities for older adults. These initiatives reflect the Church's ongoing commitment to addressing the social and wellbeing needs of people across all age groups. The Church draws its congregation from a wide variety of cultural backgrounds and fosters multicultural understanding.
Page 1
**HARVEST CITY CHURCH CIO**
## **REPORT OF THE TRUSTEES FOR THE PERIOD 12 NOVEMBER 2024 TO 30 SEPTEMBER 2025**
## **ACHIEVEMENTS AND PERFORMANCE Charitable activities General Church Activities**
The Church meets every Sunday morning in person. Our congregation includes people from over twenty different nations of the world reflecting the diversity of our city.
There is a meeting every Tuesday evening for the purpose of Bible teaching.
The Church operates a Partnership Class programme for individuals seeking to join the congregation. The programme this year resulted in twelve new members being added as members. During the year the format of the programme was restructured from weekly classes held alongside our Tuesday evening services to a single Saturday session per month over a three-month period. This change has enabled better engagement and more time to strengthen relationships through fellowship.
We also reviewed our pastoral structure to ensure it better supports community, connection and spiritual growth. As part of this process, Life Groups were replaced with four geographically based Districts covering the whole of Leicestershire.
Each District is led by an Elder couple supported by a small leadership team, providing a clear and accessible pastoral framework. This structure enables us to respond more effectively to the diverse needs of a growing congregation representing a wide range of backgrounds, cultures and life experiences.
To make our meetings more accessible to a wider audience we provide a livestream broadcast of our Tuesday services and a recorded version of our Sunday services via YouTube.
## **Children and Youth Work**
This is the largest department in the work of the Church.
A parent and toddler group 'mums and tots', meets weekly in our Church premises and enjoys a varied programme of informal meetings and outings.
All children up to the age of 11 usually attend Junior Church on Sunday mornings and Tuesday evenings (6 and under). There are over one hundred children in this age group divided into 5 groups according to age. They enjoy a varied programme of games, music and Bible teaching. This group includes children with special needs who are assigned special helpers. The teachers meet regularly to review policies and child safeguarding. The head of the children's work is Mrs Sarah Woods who is herself a special needs teacher.
The youth work includes young people aged 11-30 and is divided into two groups. It is open to the wider community and the 11-15 age group, called Ignite, meets on Friday evenings and is expanding in numbers, currently between 55 to 60 children in attendance. The older group aged 16-25, called The Pulse, continue to meet on Saturday evenings and attract between 30 to 35 young people. Both groups have a programme of music and worship, games and Bible teaching.
## **Other groups**
The men meet in a group called 'Excel'. The group is a wide range of men from different backgrounds that meet for Bible teaching, singing, BBQs, sports and more.
We have introduced Connect Groups to strengthen community life within the church. These groups bring together individuals with shared interests or life stages, creating opportunities to build relationships, enjoy fellowship and offer encouragement and support.
Our senior and retired members have an active group called 'New Horizons' which meets every few weeks and has a varied programme of outings, meals, movies, skittles etc.
Page 2
## **HARVEST CITY CHURCH CIO**
## **REPORT OF THE TRUSTEES FOR THE PERIOD 12 NOVEMBER 2024 TO 30 SEPTEMBER 2025**
The Church also runs a group for NHS staff, especially junior medical staff and medical students, which is called 'Medics Corner'. This is mainly supportive in nature and includes discussions on ethics and other topics of relevance as well as sharing up-to-date medical information. It is run by two of our partners who are GPs.
## **Relationships within the community**
Our many groups and activities are open to all of the community and attract regular visitors, especially our youth work. We have an 'Acts of Kindness' initiative to encourage people to donate food to be given to those in need, especially during the Christmas period.
## **Relationships with other churches**
Our senior pastors, Chip and Sarah Kawalsingh, were trained at the International Bible College in Portland, Oregon, USA. They regularly visit other churches in many countries including Canada, the USA, the West Indies, the Netherlands and Japan to encourage and help pastors and churches.
Other Church members including members of our youth group also accompany our pastors on their ministry trips and benefit from that experience.
Our senior pastors continue to support other church leaders both within the UK and internationally.
Our Church has continued to support the work of an orphanage in Hyderabad, India.
Our pastor has written a number of books for church teaching. These include: 'Answering Anxiety', 'Giants Will Fall', 'Formation Leadership', 'An Extra Shot', 'God, a Mocha and Me', and 'Partnership Guide'. Other materials include prayer cards - 'Fruits of the Spirit', 'Battle for the Mind', and 'Hope' - and a series of booklets called 'Essentials' on the basics of the Christian faith. Many of these materials are also in use in churches around the UK and internationally.
Our Church supports various Christian ministries as mentioned above. These gifts are always discussed with the trustees and approved by them.
Recipient organisations include:
- Ministers Fellowship West Indies
- Light of Life Full Gospel Church (Toronto, Canada)
- Life Church (Osaka, Japan)
- Iga Ueno Gospel Christ Church (Iga, Japan)
## **FINANCIAL REVIEW**
## **Financial position**
The Trustees made the decision to incorporate the charity and as such all trade was transferred to Harvest City Church CIO on 1 February 2025 with all assets and liabilities being transferred during the year to 30 September 2025.
Page 3
## **HARVEST CITY CHURCH CIO**
## **REPORT OF THE TRUSTEES FOR THE PERIOD 12 NOVEMBER 2024 TO 30 SEPTEMBER 2025**
## **FINANCIAL REVIEW**
## **Reserves policy**
On 30 September 2025, the total funds held were £1,271,058. This includes £404,933 in tangible fixed assets and £1,213 in restricted funds. All assets and liabilities were transferred to Harvest City Church CIO on 1 February 2025 and therefore there was a transfer of £1,215,332 included within donations.
## **Cash reserves**
The trustees maintain an unrestricted cash reserves policy, with cash reserves designated across the following categories. Whilst these designations provide a strategic framework for financial planning, the reserves remain unrestricted in nature, thereby preserving the flexibility to deploy funds towards charitable activities and governance costs as circumstances require.
- Emergency Fund (nine months at £30,000 per month): £270,000 - New Building Fund: £450,000
- Capital Expenditure: £50,000
The trustees have determined that nine months of operational reserves is appropriate given the nature of the Church's income, which is derived primarily from voluntary donations and therefore subject to fluctuation. This extended reserve period ensures the charity can continue to meet its obligations to staff, members, and programme commitments.
The New Building Fund represents designated reserves set aside in anticipation of the Church's planned acquisition and development of a permanent facility to support the expansion of its charitable activities. The building project is central to the Church's long-term vision of increasing its capacity to serve the local community.
## **FUTURE PLANS**
The Church seeks to further achieve its charitable objectives during the forthcoming year. It is anticipated that the income and activities of the Church will continue to expand.
## **STRUCTURE, GOVERNANCE AND MANAGEMENT**
## **Governing document**
The charity is controlled by its governing document, a Constitution, forming a Foundation CIO. Harvest City Church is controlled by its governing document, a Constitution dated 12 November 2024 and was formally registered as a charity on 12 November 2024.
Page 4
## **HARVEST CITY CHURCH CIO**
## **REPORT OF THE TRUSTEES FOR THE PERIOD 12 NOVEMBER 2024 TO 30 SEPTEMBER 2025**
## **STRUCTURE, GOVERNANCE AND MANAGEMENT**
## **Organisational structure**
Overall responsibility for the Church lies with the trustees - of whom there are nine - with the elders responsible for overseeing the Church. These two bodies, the trustees and eldership, while having distinct roles have common members and between them are responsible for formulating and implementing policies designed to further the objectives of the Church.
New trustees are appointed under the authority of the existing body of trustees. The induction and training of new trustees are provided by the existing trustees as appropriate to the charity's objectives. The constitution provides for a minimum of three trustees with no maximum limit. The trustees meet on a regular basis and are responsible for the overall policy for running the charity and advising on all matters relating to staffing and finance.
## **Probity and overview**
The policies and activities of the Church are currently formulated by a group of nine trustees. The chairman of the trustees and Church senior pastor is Mr Andy Paul Chip Kawalsingh.
The trustees have regular minutes from the meetings and all financial decisions including donations and salaries are discussed and agreed upon prior to implementation. The trustees meet every year to discuss and decide the salaries of our leaders Pastor Chip (Andy) and Sarah Kawalsingh. The decision is made by the other trustees and is based on the work they do and the increase in their responsibilities. It is also influenced by the increase in membership and finances. It is noted that they donate around 20% of their salaries back to the Church in gifts and offerings. Three trustees (Chip Kawalsingh, Ian Mann and Tatenda Kandi) are also employed by the Church but trustees themselves receive no remuneration for trustees duties.
The trustees also review the accounts and check all policies are up to date and implemented - this has included the Data Protection Act, all health and safety policies and making sure all Junior Church staff are up-to-date in child protection training. One of our trustees, Ian Mann, is in charge of health and safety protocols for the Church and these are reviewed by the trustees every year. These include fire risk assessment, health and safety policy, safeguarding, data protection, and employee complaints policy.
The Church treasurer is the trustee Mr JRN Willock and the Church secretary is the trustee Mr INW Ekanayake.
Day-to-day running of the Church is carried out by Pastor Chip Kawalsingh with the particular help of Mr Ian Mann (trustee employed by the Church) and other trustees as needed. They are assisted by five office staff: four full-time and one part-time.
The music and worship team are led by Mrs Sarah Kawalsingh who is employed full-time by the Church. She oversees the training of new musicians especially from the younger age groups. The Ignite and Pulse groups have their own music bands. Members of the worship team have written new songs over the last few years and the Church has produced two music CDs: 'Salvation is Here' and 'Unveil My Eyes'.
## **Related parties**
Details of related parties and transactions with them are given in the notes to the financial statements.
## **REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number**
1210906
## **Principal address**
Unit 1, St Margaret's Business Centre 14 St John Street Leicester LE1 3WL
Page 5
**HARVEST CITY CHURCH CIO**
## **REPORT OF THE TRUSTEES FOR THE PERIOD 12 NOVEMBER 2024 TO 30 SEPTEMBER 2025**
## **Trustees**
Rev AP Kawalsingh (Chair) (appointed 12.11.2024) Mrs T Goffin (appointed 12.11.2024) Mr J Johnston (appointed 12.11.2024) Mr LP Venning (appointed 12.11.2024) Mr N Gallagher (appointed 12.11.2024) Mr I Mann (appointed 12.11.2024) Mr T Kandi (appointed 12.11.2024) Mr JRN Willock (appointed 12.11.2024) Mr INW Ekanayake (appointed 12.11.2024)
## **Independent Examiner**
Mr P Bott FCA Institute of Chartered Accountants in England and Wales Mark J Rees LLP Chartered Accountants Granville Hall Granville Road Leicester Leicestershire LE1 7RU
## **Solicitors**
Croftons Solicitors LLP The Lexicon 10 – 12 Mount Street Manchester M2 5FA
Approved by order of the board of trustees on 29 May 2026 and signed on its behalf by:
Mr INW Ekanayake - Trustee
Page 6
**INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF HARVEST CITY CHURCH CIO**
## **Independent examiner's report to the trustees of Harvest City Church**
I report to the charity trustees for the period 12 November 2024 to 30 September 2025., for which the Charity Commission granted a dispensation under Regulation 34(3)(b) permitting an independent examination in place of an audit.
## **Responsibilities and basis of report**
As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act').
I report in respect of my examination of the Trust's accounts carried out under Section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under Section 145(5)(b) of the Act.
## **Independent examiner's statement**
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
1. accounting records were not kept in respect of the Trust as required by Section 130 of the Act; or
2. the accounts do not accord with those records; or
3. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
## **Use of our report**
This report is made solely to the charity's members. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charity and the charity's members as a body, for our work, for this report, or for the opinions we have formed.
Mr P Bott FCA Institute of Chartered Accountants in England and Wales Mark J Rees LLP Chartered Accountants Granville Hall Granville Road Leicester Leicestershire LE1 7RU
2 June 2026
Page 7
## **HARVEST CITY CHURCH CIO**
## **STATEMENT OF FINANCIAL ACTIVITIES FOR THE PERIOD 12 NOVEMBER 2024 TO 30 SEPTEMBER 2025**
|Notes
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
2
**Charitable activities**
4
Advancement of Christian Faith
Investment income
3
**Total**
**EXPENDITURE ON**
**Charitable activities**
5
Advancement of Christian Faith
**NET INCOME**
**TOTAL FUNDS CARRIED FORWARD**|Unrestricted
funds
£
**1,653,885**
**11,959**
**6,959**
**1,672,803**
**402,958**
**1,269,845**
**1,269,845**|Restricted
fund
£
**613**
**2,400**
**-**
**3,013**
**1,800**
**1,213**
**1,213**|Total
funds
£
**1,654,498**
**14,359**
**6,959**
**1,675,816**
**404,758**
**1,271,058**
**1,271,058**|
|---|---|---|---|
The notes form part of these financial statements
Page 8
## **HARVEST CITY CHURCH CIO**
## **BALANCE SHEET 30 SEPTEMBER 2025**
|Notes
**FIXED ASSETS**
Tangible assets
11
**CURRENT ASSETS**
Stocks
12
Debtors
13
Cash at bank and in hand
**CREDITORS**
Amounts falling due within one year
14
**NET CURRENT ASSETS**
**TOTAL ASSETS LESS CURRENT**
**LIABILITIES**
**NET ASSETS**
**FUNDS**
16
Unrestricted funds:
General fund
Designated funds
Restricted funds
**TOTAL FUNDS**|Unrestricted
funds
£
**404,933**
**8,003**
**55,152**
**1,537,345**
**1,600,500**
**(735,588)**
**864,912**
**1,269,845**
**1,269,845**|Restricted
fund
£
**-**
**-**
**-**
**1,213**
**1,213**
**-**
**1,213**
**1,213**
**1,213**|Total
funds
£
**404,933**
**8,003**
**55,152**
**1,538,558**
**1,601,713**
**(735,588)**
**866,125**
**1,271,058**
**1,271,058**
**499,845**
**770,000**
**1,269,845**
**1,213**
**1,271,058**|
|---|---|---|---|
The financial statements were approved by the Board of Trustees and authorised for issue on 29 May 2026 and were signed on its behalf by:
Rev AP Kawalsingh (Chair) - Trustee
Mr JRN Willock - Trustee
The notes form part of these financial statements
Page 9
## **HARVEST CITY CHURCH CIO**
## **CASH FLOW STATEMENT FOR THE PERIOD 12 NOVEMBER 2024 TO 30 SEPTEMBER 2025**
|Notes
**Cash flows from operating activities**
Cash generated from operations
1
Interest paid
Net cash provided by operating activities
**Cash flows from investing activities**
Purchase of tangible fixed assets
Interest received
Net cash provided by investing activities
**Cash flows from financing activities**
Cash received on conversion
Net cash provided by financing activities
**Change in cash and cash equivalents in**
**the reporting period**
**Cash and cash equivalents at the**
**beginning of the reporting period**
2
**Cash and cash equivalents at the end of**
**the reporting period**
2|**£**
**74,243**
**(339)**
**73,904**
**(5,580)**
**6,959**
**1,379**
**757,031**
**757,031**
**832,314**
**-**
**832,314**|
|---|---|
The notes form part of these financial statements
Page 10
## **HARVEST CITY CHURCH CIO**
## **NOTES TO THE CASH FLOW STATEMENT FOR THE PERIOD 12 NOVEMBER 2024 TO 30 SEPTEMBER 2025**
|**1.**
**RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES**
**£**
**Net income for the reporting period (as per the Statement of Financial**
**Activities)**
**1,271,058**
**Adjustments for:**
Depreciation charges
**18,390**
Interest received
**(6,959)**
Interest paid
**339**
Amounts donated on conversion
**(1,215,332)**
Decrease in stocks
**181**
Decrease in debtors
**13,265**
Decrease in creditors
**(6,699)**|**1.**
**RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES**
**£**
**Net income for the reporting period (as per the Statement of Financial**
**Activities)**
**1,271,058**
**Adjustments for:**
Depreciation charges
**18,390**
Interest received
**(6,959)**
Interest paid
**339**
Amounts donated on conversion
**(1,215,332)**
Decrease in stocks
**181**
Decrease in debtors
**13,265**
Decrease in creditors
**(6,699)**|
|---|---|
|**Net cash provided by operations**|**74,243**|
|**2.**
**ANALYSIS OF CASH AND CASH EQUIVALENTS**
Cash in hand
Notice deposits (less than 3 months)
Overdrafts included in bank loans and overdrafts falling due within one year|**£**
**47**
**1,538,511**
**(706,244)**|
|Total cash and cash equivalents|**832,314**|
|**3.**
**ANALYSIS OF CHANGES IN NET FUNDS**||
|**Net cash**
Cash at bank and in hand
Bank overdraft
**Total**|At 12.11.24
£
**-**
**-**
**-**
**-**|Cash flow
£
**1,538,558**
**(706,244)**
**832,314**
**832,314**|**At 30.9.25**
**£**
**1,538,558**
**(706,244)**
**832,314**
**832,314**|
|---|---|---|---|
The notes form part of these financial statements
Page 11
**HARVEST CITY CHURCH CIO**
**NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD 12 NOVEMBER 2024 TO 30 SEPTEMBER 2025**
## **1. ACCOUNTING POLICIES**
## **Basis of preparing the financial statements**
The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention.
## **Audit dispensation**
The Charity Commission granted a dispensation permitting an independent examination in place of an audit for the period 12 November 2024 to 30 September 2025.
## **Income**
All incoming resources including donations, gifts and grants are included on the Statement of Financial Activities when the charity is legally entitled to the income and the amount can be quantified with reasonable accuracy. Investment income comprising interest receivable is included when receivable by the charity.
## **Expenditure**
Expenditure is accounted for on an accruals basis inclusive of the attributable VAT which cannot be recovered and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources. Costs of charitable activities include those costs incurred in respect of the charity's main activities and providing services for its beneficiaries. Grants payable are accounted for at the earlier of when they are paid or become legally enforceable. Governance costs include those costs incurred in meeting the constitutional and statutory requirements of the charity.
Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but not accrued as expenditure.
## **Tangible fixed assets**
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 2% on cost excluding land Fixtures and fittings - 20% on reducing balance
All tangible fixed assets are capitalised and included at cost.
## **Stocks**
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
## **Taxation**
The charity is exempt from tax on its charitable activities.
## **Fund accounting**
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
continued...
Page 12
**NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE PERIOD 12 NOVEMBER 2024 TO 30 SEPTEMBER 2025**
## **HARVEST CITY CHURCH CIO**
## **1. ACCOUNTING POLICIES - continued**
## **Pension costs and other post-retirement benefits**
The charity contributes to a defined contribution pension scheme. Contributions payable to the charity's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.
## **Debtors**
Short term debtors are measured at transaction price, less any impairment.
## **Creditors**
Short term trade creditors are measured at the transaction price.
## **Going concern**
The trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. The charity therefore continues to adopt the going concern basis in preparing its financial statements.
**2. DONATIONS AND LEGACIES**
|Tithes and offerings
Donations
Gift aid - income tax recoverable|**£**
**389,158**
**1,215,332**
**50,008**
**1,654,498**|
|---|---|
Donations relate to the transfer of all assets and liabilities from the unincorporated charity, Harvest City Church.
**3. INVESTMENT INCOME**
|Deposit account interest
**INCOME FROM CHARITABLE ACTIVITIES**
Activity
Teaching and bookshop
Advancement of Christian Faith
Children and youth work
Advancement of Christian Faith
Donations - Manna Ministries Advancement of Christian Faith
Events
Advancement of Christian Faith
Room Hire Income
Advancement of Christian Faith
Miscellaneous
Advancement of Christian Faith|**£**
**6,959**
**£**
**1,668**
**3,512**
**2,400**
**4,351**
**686**
**1,742**
**14,359**|
|---|---|
**4. INCOME FROM CHARITABLE ACTIVITIES**
continued...
Page 13
## **HARVEST CITY CHURCH CIO**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE PERIOD 12 NOVEMBER 2024 TO 30 SEPTEMBER 2025**
|**5.**
**CHARITABLE ACTIVITIES COSTS**
Grant
funding of
Direct
activities
Costs (see
(see note
note 6)
7)
£
£
Advancement of Christian Faith
**300,724**
**10,073**
**6.**
**DIRECT COSTS OF CHARITABLE ACTIVITIES**
Trustees' remuneration
Staff costs
Ministry payments
Teaching and bookshop
Hospitality and refreshments
Children and youth work
Royalties payable
Events
Tech and audio
**7.**
**GRANTS PAYABLE**
Advancement of Christian Faith
The total grants paid to institutions during the period was as follows:
Ministers Fellowship Global
Light of Life
Manna International Inc.|Support
costs (see
note 8)
£
**93,961**|Totals
£
**404,758**
**£**
**142,665**
**109,569**
**6,112**
**3,556**
**10,214**
**7,848**
**505**
**6,322**
**13,933**
**300,724**
**£**
**10,073**
**£**
**4,280**
**2,000**
**1,800**
**8,080**|
|---|---|---|
Grants payable to individuals amount to £1,993.
continued...
Page 14
## **HARVEST CITY CHURCH CIO**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE PERIOD 12 NOVEMBER 2024 TO 30 SEPTEMBER 2025**
|**8.**
**SUPPORT COSTS**
Advancement of Christian Faith|Governance
Management
costs
£
£
**87,326**
**6,635**|Totals
£
**93,961**|
|---|---|---|
|Support costs, included in the above, are as follows:
**Management**
Rent of premises
Insurance
Light, heat and water
Travel and transport
Postage, stationery and telephone
Publicity
Sundries
Repairs and maintenance
Depreciation of tangible assets||Advancemen
of
Christian
Faith
£
**15,222**
**1,697**
**5,053**
**33,469**
**6,408**
**2,833**
**1,301**
**2,953**
**18,390**|
|||**87,326**|
|**Governance costs**
Professional expenses
Independent examiners remuneration
Bank charges||Advancemen
of
Christian
Faith
£
**1,141**
**5,155**
**339**|
|||**6,635**|
|**9.**
**TRUSTEES' REMUNERATION AND BENEFITS**
Trustees' salaries
Trustees' social security
Trustees' pensions paid||**£**
**115,161**
**9,260**
**18,244**|
|||**142,665**|
Trustees' remuneration is paid to Rev AP Kawalsingh, Mr I Mann and Mr T Kandi and reflects the work performed and their responsibility for the charity.
## **Trustees' expenses**
There were no trustees' expenses paid for the period ended 30 September 2025.
continued...
Page 15
## **HARVEST CITY CHURCH CIO**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE PERIOD 12 NOVEMBER 2024 TO 30 SEPTEMBER 2025**
## **10. STAFF COSTS**
|Wages and salaries
Social security costs
Other pension costs||**2025**
**£**
**208,987**
**16,290**
**26,958**
**252,235**|
|---|---|---|
||||
|The average monthly number of employees during the period was as follows:|||
|||**2025**|
|Salaried staff - charitable activities||**8**|
Staff costs include remuneration to related parties, Mrs S Kawalsingh and Mrs H Venning, who are spouses of Trustees. Total remuneration paid during the year was £62,391.
Total remuneration in relation to Key Management Personnel, included within the figures above, amounts to £142,665.
## **11. TANGIBLE FIXED ASSETS**
|**COST**
Additions
**DEPRECIATION**
Charge for year
**NET BOOK VALUE**
At 30 September 2025|Freehold
property
£
**318,086**
**4,768**
**313,318**|Fixtures
and
fittings
£
**105,237**
**13,622**
**91,615**|Totals
£
**423,323**
**18,390**
**404,933**|
|---|---|---|---|
Included in cost or valuation of land and buildings is freehold land of £92,500 which is not depreciated.
## **12. STOCKS**
Stocks
**£ 8,003**
continued...
Page 16
**HARVEST CITY CHURCH CIO**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE PERIOD 12 NOVEMBER 2024 TO 30 SEPTEMBER 2025**
**----- Start of picture text -----**
13. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£
Other debtors 350
Income tax recoverable 49,950
Accrued income 4,852
55,152
14. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£
Bank loans and overdrafts (see note 15) 706,244
Taxation and social security 9,850
Other creditors 19,494
735,588
15. LOANS
An analysis of the maturity of loans is given below:
£
Amounts falling due within one year on demand:
Bank overdrafts 706,244
16. MOVEMENT IN FUNDS
Net Transfers
movement between At
in funds funds 30.9.25
£ £ £
Unrestricted funds
General fund 1,269,845 (770,000) 499,845
-
Designated funds 770,000 770,000
-
1,269,845 1,269,845
Restricted funds
Manna Ministries 1,213 - 1,213
TOTAL FUNDS 1,271,058 - 1,271,058
**----- End of picture text -----**
continued...
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## **HARVEST CITY CHURCH CIO**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE PERIOD 12 NOVEMBER 2024 TO 30 SEPTEMBER 2025**
## **16. MOVEMENT IN FUNDS - continued**
Net movement in funds, included in the above are as follows:
|**Unrestricted funds**
General fund
**Restricted funds**
Manna Ministries
**TOTAL FUNDS**|Incoming
resources
£
**1,672,803**
**3,013**
**1,675,816**|Resources
expended
£
**(402,958)**
**(1,800)**
**(404,758)**|Movement
in funds
£
**1,269,845**
**1,213**
**1,271,058**|
|---|---|---|---|
## **Designated funds**
There is £770,000 worth of cash reserves designated for specific puposes. Whilst these designations provide a strategic framework for financial planning, the reserves remain unrestricted in nature, thereby preserving the flexibility to deploy funds towards charitable activities and governance costs as circumstances require. The funds are made up as follows: Emergency funds - £270,000, New Building fund - £450,000 and Capital Expenditure - £50,000.
## **Restricted funds**
The Manna Ministries fund consists of donations received specifically for the purpose of making subsequent grants to Manna International Inc. for the sponsorship of orphaned children in India.
## **17. EMPLOYEE BENEFIT OBLIGATIONS**
The charity contributes to a personal pension scheme in respect of certain employees. The total costs payable in the period were £26,957.
## **18. RELATED PARTY DISCLOSURES**
Related party transactions are detailed under staff costs. There were no further related party transactions for the period ended 30 September 2025.
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